Asset managers concerned that the messaging tools custodians use for the collateral management process are behind the times.
Six banks have confirmed they have started the onboarding process and will join the platform at launch date, expected to be in the first half of 2019.
BNP Paribas will use the FIS solution to increase its visibility around initial margin on its cleared derivatives transactions.
Clearstream in advanced discussion with global custodians over blockchain securities lending platform
Clearstream's Philippe Seyll explained the taking-off point for the HQLAx platform will be to onboard a major player with tri-party capabilities.
New tokenised collateral system will make a ‘winner out of everyone’ as backers eye ambitious expansion
Tokenised collateral mobility system eyes expansion into cash and new regions ahead of market adoption at the end of the year.
New service will enable collateral administration desks to stay current with changes in the market and regulations.
Clearing members will now be able to use UK and US government treasury bills, bonds, and other approved fixed income securities as collateral.
The service is live for clients in France, Germany and Italy, and will be rolled out globally in the coming weeks.
The new account will bring around 80% of the custody and settlement volume of T2S markets onto Clearstream’s Investor CSD services.
DTCC-Euroclear Global Collateral partners with NEX to improve OTC derivatives margin call processes following changes in its senior leadership roles.